Citi Slashes Bitcoin Target to $82,000 as ETF Money Heads for the Exits

Citigroup reduced its 12-month Bitcoin price target to $82,000 from $112,000 due to declining ETF inflows, which have resulted in $3.3 billion in outflows in 2026, including a record $4 billion withdrawal in June. The bank cited weaker investor demand, stalled digital asset legislation in Washington, and potential selling by digital asset treasury companies as factors, with a bear case projecting $53,000 if a recession and continued ETF outflows occur.